Unitech sells Rs 4,000-cr property since March
Unitech Ltd, country’s second largest realty firm, has sold properties worth about Rs 4,000 crore (Rs 40 billion), which includes nearly two-third from housing segment, at its projects launched since March this year.
In the last seven months, the company has launched more than 30 projects, with a saleable area of 21.3 million sq ft. Out of this, it has already sold 10.11 million sq ft of area.
Approximately Rs 4,000 crore (Rs 40 billion) of sales booked (since March), Unitech told investors in a presentation.
Housing demands, which was hit during the second half of last fiscal due to global economic recession, have improved since April owing to cut in interest rates on housing loans and builder increased focus on low-cost apartments.
More : business.rediff.com